Which of the Following Is Not Correct in Regard to Trading

question 39

Multiple Choice

Which of the following is not correct in regard to trading securities?

• A) They are held with the intention of selling them in a short period of time.
• B) Unrealized holding gains and losses are reported as part of net income.
• C) Any discount or premium is not amortized.
• D) All of these are correct.

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